(a) Franchise holders conducting wagering on electronic games of skill under this subpart shall pay the following fees for the privilege of conducting the wagering:

1. (1) An amount equal to eighteen percent (18%) of the net wagering revenues from electronic games of skill shall be paid by the franchise holder to the Secretary of the Department of Finance and Administration for deposit in the State Treasury as general revenues;
2. (2) An amount equal to one-half of one percent (0.5%) of the net wagering revenues from electronic games of skill shall be paid by the franchise holder to the county in which the franchise holder is operating the electronic games of skill; and
3. (3) An amount equal to one and one-half percent (1.5%) of the net wagering revenues from electronic games of skill shall be paid by the franchise holder to the city or town in which the franchise holder is operating the electronic games of skill.

(b)

1. (1) The privilege fees shall be reported under oath and paid on a monthly basis on or before the twentieth day of each month to the Secretary of the Department of Finance and Administration.
2. (2) Reporting forms will be prescribed and furnished by the secretary and shall show the total net wagering revenues from electronic games of skill during the preceding calendar month.

(d)

1. (1) The privilege fee payable to the Secretary of the Department of Finance and Administration under subdivision (a)(1) of this section shall be administered by the secretary pursuant to the Arkansas Tax Procedure Act, Arkansas Code § 26-18-101 et seq.
2. (2) However, regulatory authority over licensing and other matters under this part not relating to the administration, payment, and collection of the privilege fee shall remain with the Arkansas Racing Commission.